Morgan Stanley Investment Funds - stockselection

101 Morgan Stanley Investment Funds 30 June 2009
Commodities Active GSLE Fund*
INVESTMENT AIMS
To generate a return in excess of the Light
Energy sub-index of the S&P GSCITM Commodity Index (the “S&P GSCITM Light
Energy Index”). The Investment Adviser aims
to achieve the investment objective by using
one or more derivatives to gain exposure to
the S&P GSCITM Light Energy Index, including
swaps, forwards, options, and other contingent
liability investments whether executed on
a recognised exchange or market or traded
over-the-counter.
* Name changed from Commodities Alpha Plus Fund on 6 March 2009.
Please refer to the full prospectus for the Fund’s investment objective and policy.
STATEMENT OF INVESTMENTS
Transferable securities and money market instruments admitted
to official exchange listing or dealt in on another regulated
market. As at 30 June 2009, expressed in US dollars.
Investments
Mutual Fund
Ireland
Morgan Stanley Alpha Plus Funds
- Commodities Alpha Plus RC4000 Fund 121,398 13,004,141 9.37
Total for Ireland 9.37
Total for Mutual Fund 9.37
Total Investment Securities 13,004,141 9.37
DERIVATIVES
OTC and exchange traded derivatives as at 30 June 2009,
expressed in US dollars.
Forward Foreign Currency Exchange Contracts
Maturity
date
03/07/2009 24,777,233 EUR 34,613,875 USD 140,124 0.10
03/07/2009 11,696,673 GBP 19,235,515 USD 27,116 0.02
Total Forward Foreign Currency Exchange Contracts 167,240 0.12
Total Return Swap Contracts
Description
Currency
Amount
bought
Notional
amount
Holdings
Amount
sold
Maturity
date
Market
value
Net unrealised
gain as at
30 June 2009
Net unrealised
(loss) as at
30 June 2009
% of net
assets
% of net
assets
% of net
assets
GS Light Energy
Total Return Index USD 45,297,050 06/07/2009 (1,415,257) (1.02)
GS Light Energy
Total Return Index USD 26,894,049 06/07/2009 (841,270) (0.61)
GS Light Energy
Total Return Index USD 43,238,610 06/07/2009 (1,352,542) (0.97)
GS Light Energy
Total Return Index USD 26,924,341 06/07/2009 (841,221) (0.61)
Total Total Return Swap Contracts (4,450,290) (3.21)
Total Derivatives (4,283,050) (3.09)
Other Assets less Liabilities 130,038,565 93.72
Total Net Asset Value 138,759,656 100.00